British equities rise on strong economic data, led by metal miners

British equities rose on Friday and were set for weekly gains, led by metal miners, while data showed that the economy grew for a second straight month in February, on course to exit a shallow recession.

The exporter-heavy FTSE 100 (.FTSE), was up 1% as of 0811 GMT, and the mid-cap FTSE 250 index (.FTMC), rose nearly 0.9%. Both indexes are on track to notch weekly gains.

Industrial metal miners (.FTNMX551020), advanced 3%, tracking higher metal prices in Shanghai as funds pumped money into commodities, including metals to hedge against rising inflation.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

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